INDIAN BILLIONAIRE GAUTAM ADANI CHARGED IN U. S. FOR ALLEGED BRIBERY, FRAUD. (PHOTO).

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  Indian billionaire Gautam Adani charged in US for alleged bribery, fraud Gautam Adani, the chair of Indian conglomerate Adani Group and one of the world’s richest people, whose business empire extends from ports and airports to renewable energy,has been indicted in New York over an alleged multibillion-dollar fraud scheme, United States prosecutors have said. The authorities on Wednesday charged Adani and two other executives at Adani Green Energy, his nephew Sagar Adani and Vneet Jaain, with agreeing between 2020 and 2024 to pay more than $250m in bribes to Indian government officials to obtain solar energy supply contracts expected to yield $2bn in profits. Prosecutors said the renewable energy company also raised more than $3bn in loans and bonds during this period based on false and misleading statements. Shares of Adani Enterprises, the group's flagship firm, closed down 22% on Thursday. Other group firms also closed in the red. Adani Green Energy, which is the firm at the c

THE 13TH IKEJA CITY AWARDS IS SET TO HOLD ON THE 9TH OF DECEMBER,2018.{PHOTO}.


      The much awaited 13th Ikeja City Award will take central stage as top celebrities, the who-is-who, residents and indigenes of the capital City and the commercial nerve Centre of Lagos State will be honoring and recognizing the most deserved in the entire community. According to the organizing committee, top events are already lined up for the day which will be held at the PRESKEN HOTEL AND RESORTS LTD 17 Alade Avenue, off Awolowo Way, Ikeja, Lagos State. One of the important and crucial highlights of the event will be the topic of discussion themed: “THE ROLE OF GOOD GOVERNANCE IN SUSTANING THE DEVELOPMENT OF GRASSROOTS”. With this theme, the organizers’ target was to further foster the mutual and cordial relationship of the Lagos State House of Assembly and that of the residents and indigenes of the state, most importantly those who abide in the grassroots. the organizing committee also realize the passion and knack of the ebullient Chairman of Ikeja Local Govbernment Area, Honourable Majeed Balogun who is also an ardent grassroots personality. These personalities are hereby honoured alongside others like the Executive Chairmen of local govenment Area also ,individuals that cut across other works of life that will be honoured, albeit deservingly. Also listed as awardees are corporate organizations that have and are still creating job opportunities for the many youths of the zone. This will go in no small measures to appreciate their efforts towards erectly alleviating poverty in Ikeja Local Government Area and its environs Finally, the organizing committee will also want to recognize the royal father and other leaders of the entire Ikeja LGA communities while not leaving aside the security agencies and others that have hitherto ensured utmost security in the area. Entertainment will be totally ensured on the event’s day amidst tight security as guaranteed by the organizing committee.

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